http://profitableinvestingtips.com/stock-investing/how-bad-is-obama-care How Bad Is Obama Care? While the Affordable Care Act (Obama Care) has provided health insurance for many who could otherwise not afford it, the net result for health stocks and insurance companies has not been good. How bad is Obama care for the companies involved? Reuters just announced that health stocks helped pull the market lower. U.S. stocks started the fourth quarter on a weak note as healthcare stocks fell and Deutsche Bank’s travails weighed on financials. Merck and Johnson & Johnson both fell on the day. But a better measure of how bad Obama care is for health stocks are the number of health insurers leaving Obama Care. In Minnesota Obamacare rates are going up as regulators are allowing premium increases of 50% according to Bloomberg. Minnesota will let the health insurers in its Obamacare market raise rates by at least 50 percent next year, after the individual market there came to the brink of collapse, the state’s commerce commissioner said Friday. The increases range from 50 percent to 67 percent, Commissioner Mike Rothman’s office said in a statement. Rothman, who regulates the state’s insurers, is an appointee under Governor Mark Dayton, a Democrat. The rate hike follows increases for this year of 14 percent to 49 percent. “It’s in an emergency situation – we worked hard and avoided a collapse.” Rothman said in a telephone interview. “It’s a stopgap for 2017.” Blue Cross and Blue Shield of Minnesota is leaving the Obama Care exchanges due to losses and regulators are working hard to see that remaining insurers are not overwhelmed with too many patients and excessive losses. Tailored Plan Quits Harken Health Insurance is a startup launched early this year and affiliated with health care giant United Health Care. The company was specifically tailored to offer plans through the Affordable Care Act. According to Business Insider the company is already quitting Obamacare exchanges after less than a year.